Product Manager - Financial Solutions RealMed

Description: The Product Manager is responsible for defining and leading product strategy, and product management life cycle activities for assigned product(s) focusing on the growth, maturity and saturation phases of the product lifecycle.

The Product Manager designs and implements the product roadmap that addresses market demands and surpasses the relevant competition to achieve long term financial goals for the organization. The Product Manager must have a deep knowledge of the product area and market segments they support as well as a solid understanding of a client?s business needs and the respective short and long term business goals for all involved stakeholders.

The individual will spend significant time on conducting market analysis, competitive analysis, product innovation, customer validation, and assisting with pricing strategies for healthcare financial and revenue cycle management products, including HIPAA 835 and 820 transactions, ACH, Lockbox / OCR, Denial Management, Merchant and Payment Services.

KEY RESPONSIBILITIES:
Product Management
? Align assigned products to the organization?s vision and strategy. Set overall goals for assigned products.
? Incorporate innovative strategy to address market needs and opportunities.
? Provide strategic direction to combine value creation with innovation that influences organizational activities in a focused direction that will distinguish the organization in the marketplace.
? Ensure product roadmaps and P&L are aligned and executed in support of the business unit and organization goals.
? With the assistance of Product Marketing, define customer and market segmentation, and develop and validate business model.
? Identify new healthcare business growth opportunities within or adjacent to the organization?s current product offerings through a detailed understanding of key market/customer trends and competitor strategies with focus on the assigned vertical.
? Conduct analysis and synthesis of market insights to proactively identify business opportunities, threats, and challenges and derive recommendations for input into strategic planning and product development.
? Assess market potential for the right segment/targets, develops the strategic business plan capitalizing on future market needs and opportunities.
? Research and analyze business information to develop an understanding of the industry and competitive environment; stay in tune with any market forces or business drivers that would be influential to future markets.
? Evaluate competitive services; take hands on approach in understanding key attributes/features/distribution in competitive products and positioning appropriately.
? Ensure that products achieve their targeted revenue and expense goals and that essentially all desired returns on investments (ROI) are achieved.
Group Facilitation
? Work with cross-functional teams to plan for new products.
? Drive planning teams forward, negotiating across differences and achieving consensus.
? Recruit, coordinate and manage Product Advisory Groups and focus groups.

Cross-functional Team Management
? Function as the bridge between business and technology.

Sales Support
? Serve as the internal and external expert and provide product and market expertise to assist all sales channels in presenting product offerings.
? Provide creative solutions from existing capabilities to satisfy market demands.
? Participate in actual sales calls for customers or prospects.

Marketing Support
? Provide product expertise and strategic focus for all market research and product positioning efforts.
? Collaborate with market research to strategize, plan, and prioritize market and product research that identify and define opportunities to support and grow business.
? Specifying market requirements for current and future products supported not only by research, but also on-going visits to customers and non-customers.

Third Party Vendor Management
? Oversee all activities required to utilize third party business suppliers, activities include vendor selection, project management, service level agreement (SLA) management and overall relationship building.

WORK EXPERIENCE and SKILLS:
? Four (4) or more years of healthcare industry and product management experience. This includes experience with product applications/solutions, knowledge of the associated trends, technology and competition that surrounds this area for the healthcare industry.
? Experience delivering value added healthcare products, services and product lines which utilize the HIPAA compliant transaction sets.
? Specific experience with software-as-a-service products for the physician market with a solid understanding of Revenue Cycle Management products and services.
? Experience soliciting user and industry feedback; leading focus groups for product design/development, speaking at industry events, etc.
? Progressive experience in management of complex projects and product implementations.
? Product Management expertise, including: business case development, informatics experience including data analytics and/or reporting, market trends/analysis, new product introduction process, product roadmap development, product life-cycle management.
? In-depth Healthcare industry and Healthcare Revenue Cycle experience. Specifically, in depth experience with HIPAA 835 and 820 transactions, ERA Integration, Denial Management, ACH, Lockbox / OCR, and Merchant and Payment Services. Special consideration will be given for experience in a banking environment.
? Experience with modern technology architectures, database technology, virtualization, and the impact of government initiatives and HIPAA privacy and security regulations on system design.
? Experience within the healthcare billing and administration sector, working with providers, health plans, clearinghouses or other organizations including comprehensive understanding of healthcare products, EDI transaction sets and real time processing systems.
? Experience working in an Agile and/or iterative development environment.
? Ability to analyze a wide variety of data such as market trends and regulatory information necessary to support product and marketing recommendations.
? Proven track records of helping teams achieve their business objectives.
? Experience working across multiple levels (including executive level), functions and regions; able to clearly communicate complex information in an easy to understand manner; able to deliver message effectively verbally and in writing.

EDUCATION AND CERTIFICATION:
? Bachelor?s degree in Business, Technology or a related discipline. Six to eight years of relevant work experience may serve as an equivalent for the bachelor?s degree.

Location:	510 East 96th Street Parkwood 5 Building Indianapolis, IN 46240 United States